Domo, Inc. (NASDAQ:DOMO) Receives $3.95 Average PT from Analysts

Shares of Domo, Inc. (NASDAQ:DOMO) have earned a consensus recommendation of “Reduce” from the nine research firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $3.9543.

Several analysts recently issued reports on DOMO shares. UBS Group restated a “market underperform” rating on shares of Domo in a report on Monday. TD Cowen cut shares of Domo from a “buy” rating to a “hold” rating and dropped their price target for the company from $6.00 to $3.25 in a research report on Tuesday, June 16th. Cantor Fitzgerald cut shares of Domo from an “overweight” rating to a “hold” rating and set a $4.84 price target for the company. in a research report on Thursday, July 23rd. DA Davidson reissued a “neutral” rating and issued a $3.50 price target on shares of Domo in a research note on Tuesday, June 16th. Finally, Weiss Ratings upgraded shares of Domo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 1st.

Insider Activity at Domo

In other Domo news, CEO Joshua G. James sold 96,088 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total value of $228,689.44. Following the sale, the chief executive officer owned 1,638,873 shares of the company’s stock, valued at $3,900,517.74. The trade was a 5.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Tod Crane sold 68,483 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total value of $162,989.54. Following the transaction, the chief financial officer owned 276,809 shares in the company, valued at $658,805.42. This trade represents a 19.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 373,526 shares of company stock worth $1,144,269 over the last quarter. Company insiders own 13.25% of the company’s stock.

Hedge Funds Weigh In On Domo

Hedge funds have recently bought and sold shares of the company. RPD Fund Management LLC grew its position in Domo by 27.3% in the 1st quarter. RPD Fund Management LLC now owns 4,613,726 shares of the company’s stock valued at $14,118,000 after acquiring an additional 990,326 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Domo by 8.2% during the fourth quarter. Capital Research Global Investors now owns 2,975,558 shares of the company’s stock worth $25,084,000 after purchasing an additional 225,558 shares in the last quarter. AIGH Capital Management LLC lifted its position in shares of Domo by 37.0% during the fourth quarter. AIGH Capital Management LLC now owns 1,837,762 shares of the company’s stock worth $15,492,000 after purchasing an additional 496,244 shares in the last quarter. State Street Corp boosted its stake in shares of Domo by 33.9% in the fourth quarter. State Street Corp now owns 1,285,753 shares of the company’s stock valued at $10,839,000 after purchasing an additional 325,239 shares during the period. Finally, Captrust Financial Advisors purchased a new position in shares of Domo in the fourth quarter valued at approximately $8,108,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

Domo Stock Down 0.3%

Shares of Domo stock opened at $3.74 on Friday. The firm has a market cap of $168.86 million, a PE ratio of -2.81 and a beta of 1.76. Domo has a 52 week low of $1.84 and a 52 week high of $18.49. The business’s fifty day simple moving average is $3.36 and its 200-day simple moving average is $3.67.

About Domo

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.